Three Non-Invision Unstoppable AI Stocks You Can Buy and Hold for Years

These days, when many investors mention artificial intelligence (AI), they undoubtedly think ofNvidiaThe name. And there's nothing wrong with that, as the chipmaker has been instrumental in helping companies develop artificial intelligence models and improve their overall capabilities. But there are a number of strong AI stocks that investors should consider buying in addition to INVISTA.

Palantir Technologies (NYSE: PLTR),Amazon (Nasdaq Resonance Stock Code: AMZN(math.) andAlphabet (NASDAQ resonance stock code:GOOG)(NASDAQ resonance stock code: GOOGL)All three of these stocks look like they could be great long-term picks for AI investors right now. Let's take a look at these three buy-and-hold AI stocks.

1. Palantir Technologies

Palantir is a name that's growing in popularity among government agencies and private companies alike. The company's focus on analyzing data and providing actionable insights has always been associated with artificial intelligence. But that connection became clearer recently with the launch of Palantir's Artificial Intelligence Platform (AIP). Judging by the response from customers, it's clear they're eager to put it to use.

In 2023, the company's total revenue will be $2.2 billion, a year-over-year increase of 171 TP3 T. This year, Palantir expects total revenue to be in the $2.6 billion to $2.7 billion range, a slightly higher growth rate of about 201 TP3 T. The company also expects to remain profitable as it has been in recent quarters as the lack of profitability is no longer a big risk for this tech stock.

Nevertheless, Palantir expects its growth rate to increase, thanks in large part to the more than 500 "boot camps" the company has organized with its customers to help them discover possible opportunities for AI to help their business. Acquiring such carriers takes time, but a few big wins could see the company's revenues rise considerably in the long run.

Investors have higher expectations for the company's business growth due to the development of artificial intelligence, but Palantir is getting more positive attention because it is not only increasing its growth rate, but it is also turning a profit while doing so. In total, this is probably one of the best AI stocks to own, as Palantir's government and commercial revenue streams give it excellent long-term stability.

2. Amazon

Even before artificial intelligence became a stock buzzword, Amazon was a top AI stock to own. The company has long used AI to optimize its e-commerce operations and reduce delivery times. While it's a big name in e-commerce, its other business segments have also been boosted by increased interest in generative AI. Amazon has invested $4 billion in AI startup Anthropic, which last month unveiled Claude 3, an AI chatbot that rivals OpenAI's ChatGPT.

Whether the Claude 3 is the best chatbot out there is ultimately irrelevant. Instead, Amazon's continued pursuit of AI and next-generation technology investments makes it the best choice for long-term investors. For Amazon, chatbots are just one of several AI-related growth opportunities, particularly in its powerful cloud business, Amazon Web Services.

The company's strong capitalization also puts it in an excellent position to continue to develop and invest in artificial intelligence. Last year, Amazon generated an aggregate free cash flow of $32.2 billion as it focused on improving efficiency and cutting costs.

3. Alphabet

Another stock poised for growth in AI is Alphabet, the parent company of Google and YouTube, which has joined the chatbot wars with the launch of Bard (recently promoted and renamed Gemini). However, Google's launch has not been without its challenges, as its chatbots have had problems delivering correct and accurate results. But that doesn't stop investors; a poor launch doesn't mean that the long-term outlook is questionable.

Through its search queries on YouTube and Google, Alphabet has access to a wealth of data that gives it a huge advantage in developing chatbots that may ultimately be more intuitive and prescient about what people are likely to be searching for and the questions they are asking.

The company's financials are also arguably the best of the three, as Alphabet generates strong profit margins; last year it generated just under $70 billion in free cash flow. With its wealth of data and cash, Alphabet is an AI stock to buy and hold for the long term.

Should you invest $1,000 in Palantir Technologies now?

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Suzanne Frey, an Alphabet executive, is a member of The Motley Fool's board of directors. John Mackey, former Chief Executive Officer of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's Board of Directors. David Jagielski does not own any of the stocks mentioned above, and The Motley Fool has holdings in Alphabet, Amazon, Nvidia, and Palantir Technologies. The Motley Fool has a disclosure policy.

3 Unstoppable AI Stocks You Can Buy and Hold for Years That Aren't Nvidia was originally published by The Motley Fool.